With just one year left on his current deal, the 21-year-old now says an offer to extend has been rejected.

He told Bild: "I have an offer to extend, but with my management we decided not to accept it."

Should Meyer leave Schalke this summer, he insists a move to Bundesliga rivals Wolfsburg is "not an option."

Tottenham attempted to sign Meyer last summer, only to have their offer turned away. Speaking last November, Meyer revealed Schalke had been approached by the Premier League side, adding: "I know there was interest and the club was asked, but Schalke immediately put a stop to it so the matter was settled. Of course I have dealt with it. I know what I have at Schalke and I like to play for this club."

According to Bild, that offer from Tottenham during the final days of the summer transfer window was worth €45m (£39m, $50.6m).

Given his disappointing form and expiring contract, Meyer's stock has fallen dramatically in Germany, however. Bild now reports he will look to leave the Bundesliga this summer with Schalke also receptive to the idea of cashing in while they still can. With just 14 months remaining on his contract, the club would settle for an offer of €20m.